Book notes: The Continental dollar, by Farley Grubb
Grubb’s book brings an important new interpretation to this founding moment in US financial history
Farley Grubb, The Continental dollar: how the American revolution was financed with paper money, University of Chicago Press, 2023, 296 pages
Financing war is not a problem for the US in the 21st century, as there is ample demand for US dollar-denominated debt in the global economy to finance federal budget deficits (a condition that may not last forever). Further, the US government enjoys the privilege of hosting the ‘global’ central bank, the Federal Reserve, which provides price support for
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Banknotes
Maximising the impact of banknote communications
Antti Heinonen highlights the ongoing evolution in how central banks talk about their banknotes
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Central European countries see rise in counterfeiting
Danish central bank to upgrade banknotes ahead of overhaul
Book notes: Easy money, by Dror Goldberg
Interesting interpretations but hard to view 1690s Massachusetts paper as the invention of modern currency
Banknotes: October to December 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Canada introduces first Charles III coins
Argentina updates 2,000-peso note; ECCB commemorative note honours cricketer; and more
ECB selects possible topics for new banknotes
“European culture” and “rivers and birds” enter final selection phase
Uganda central bank cautions against currency ‘bouquets’
Practice makes it impossible to run banknotes through ATMs and counting machines
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- ‘Do I die, or do I survive?’ Officials reflect on Basel III complexity